Two contributors suspended from Venice's VVV token launch on Aerodrome

The team behind Aerodrome, a decentralized exchange on Base, suspended two contributors from participating in the airdrop for VVV, the token for Erik Voorhees's privacy-focused artificial intelligence project Venice . 

"The timing of a small percentage of the trading activity around the VVV launch was flagged by internal monitoring in less than 30 minutes — triggering an internal investigation," Aerodrome wrote on the social media platform X on Tuesday. "This investigation resulted in the suspension of two contributors within three hours of launch. We are continuing the investigation and will take all appropriate further action." 

Responding to Aerodrome's post, Voorhees wrote on X, "Really appreciate Aerodrome's transparency on this. They reached out and let us know when they found out."

On Jan. 27, Venice launched VVV on the Coinbase-incubated Ethereum Layer 2 network Base . A public pool on Aerodrome provides the liquidity, and half of the 100 million tokens at launch were intended for Venice users as well as web3 AI projects built on Base, The Block previously reported. 

According to the crypto data tracker DeFiLlama, Aerodrome  controls  the majority of the total value locked on Base, amassing a  $1.04 billion TVL as of Jan. 28. 

The Block's Data Dashboard shows that Aerodrome contributed $29.1 billion, or nearly 9%, of the total DEX spot volume in December